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tim geithner's legacy, he's going to be remembered the architect of too bid big to fail. he had the opportunity to go in and correct a lot of problems, restore fiscal honesty and transparency in the system and instead, they papered over the problem and threw a lot of money at corrupt failing institutions and they created these sort of monsters that now we have to publicly back even when they're laundering money for terrorists and drug dealers. >> you write an article like this, it give s youstrange bedfellows and puts you into bed with a lot of conservatives who say we shouldn't have had the bailout. >> i believe it should have been done differently with conditions. it should have been done in a way that encouraged rans parency instead of papering over problems. but i do believe this is an inherently conservative issue. i think there should be some linkage between liberals and conservatives because it's not partisan issue at all. >> it's a good read. matt's article called "secrets and lies of the bailout," a contributing editor with rolling stone. coming up, this hi-tech
tim geithner's legacy, he's going to be remembered the architect of too bid big to fail. he had the opportunity to go in and correct a lot of problems, restore fiscal honesty and transparency in the system and instead, they papered over the problem and threw a lot of money at corrupt failing institutions and they created these sort of monsters that now we have to publicly back even when they're laundering money for terrorists and drug dealers. >> you write an article like this, it give s...
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Jan 12, 2013
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few embody that ideal better than tim geithner. >> tim geithner looks like he is about to explode with laughter listening to the president say that but the phrase is no peacocks, no jerks, no whiners. i mean jerks and whiners, we all get that. but the peacocks part here i think is a term of art. i don't think they mean peacocks in a generic way, i think they mean in a way that is specific to the treasury. here is what i mean. peacocks as birds are strutters, right? they puff their chests out. they like making a big show of their big fantastic feathers, and no offense to our corporate overlords, i'm aware that you can see one particular tiny little peacock often at the top of our screen right now while i am talking. in politics, the peacock metaphor means you are talking about somebody who struts and doesn't deserve to be strutting. someone who talks the talk, but doesn't really walk the walk. and in the case of the treasury in particular, the president's no peacocks line was put into further context when he went on in his remarks to introduce the new treasury secretary nominee just a f
few embody that ideal better than tim geithner. >> tim geithner looks like he is about to explode with laughter listening to the president say that but the phrase is no peacocks, no jerks, no whiners. i mean jerks and whiners, we all get that. but the peacocks part here i think is a term of art. i don't think they mean peacocks in a generic way, i think they mean in a way that is specific to the treasury. here is what i mean. peacocks as birds are strutters, right? they puff their chests...
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Jan 10, 2013
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few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago, i had to personally get on my knees with carol to help convince him to stay on a little bit longer, and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families in serving the country. the fact is, while a lot of work remains, especially to rebuild a strong middle class and offer working folks new path ways to rise into the middle class, our economy is better positioned for tomorrow than most of those other countries hit by the financial crisis. the tough decisions tim made and carried out deserve a lot of credit for that. so, i understand that tim is ready for a break. obviously, we're sad to see him go, but i cannot think of a better person to continue tim's work at treasury than jack lew. now, this is bittersweet not only because tim is leaving, but also, because jack's been my chief of staff for the last
few embody that ideal better than tim geithner. that's why when tim was thinking about leaving a couple of years ago, i had to personally get on my knees with carol to help convince him to stay on a little bit longer, and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that so many of our cabinet members ask of their families in serving the country. the fact is, while a lot of work remains, especially to rebuild a strong middle class...
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Jan 7, 2013
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. >>> president obama has more spots to fill in his cabinet, tim geithner is expected to leave sometime around the nomination. there's a vacancy at the cia since general david petraeus stepped down. a source tells cnn a short list includes counter terrorism and homeland security adviser john brennan as well as acting cia director michael mother el, the man wearing the red tie in the video. >>> the attorney for one of the two ohio teenagers charged with rape wants a judge to postpone and move his clients trial. the 16-year-old high school football players are charged with sexually assaulting a girl last summer. the alleged attack took place at several parties over the course of the night. adam told cnn he wants the case moved out of steubenville. >> given its publicity and what we perceive as threats to individuals, perhaps witnesses and also defendants and defense council, we're concerned about safety issues at this point. secondly i'm concerned about whether or not the kid should be tried in this area. perhaps the fact that it is in the steubenville area is it's going to prohibit certa
. >>> president obama has more spots to fill in his cabinet, tim geithner is expected to leave sometime around the nomination. there's a vacancy at the cia since general david petraeus stepped down. a source tells cnn a short list includes counter terrorism and homeland security adviser john brennan as well as acting cia director michael mother el, the man wearing the red tie in the video. >>> the attorney for one of the two ohio teenagers charged with rape wants a judge to...
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geithner. >> i cannot think of a better person to continue tim's work at treasury than jack lew. >> jack lew is very partisan, he's very political. >> he already has some strong opposition especially from the top lawmaker on the senate budget committee jeff sessions. you can't have somebody-- >> i trust his judgment, value his friendship, i know very few people get greater integrity than the man to my left. >> jack lew and the president don't think that spending is the problem. wasteful government spending is the problem. >> prosecutors say arias had one last tryst with travis alexander, killed him in a ferocious gun and knife attack. it's not a case of whodunit. it's a case of kill or be killed. if i didn't kill him, i myself would be killed. >> it's hard to play the victim of terrorism, when you've shot the guy in the head and slashed him or slashed him and then shot him in the head. >> and junior saey, doctors reveal-- >> junior suffered from chronic brain damage. severe brain damage, all the concussions, he suffered damage to his very brain cells. >> the latest on the disappeara
geithner. >> i cannot think of a better person to continue tim's work at treasury than jack lew. >> jack lew is very partisan, he's very political. >> he already has some strong opposition especially from the top lawmaker on the senate budget committee jeff sessions. you can't have somebody-- >> i trust his judgment, value his friendship, i know very few people get greater integrity than the man to my left. >> jack lew and the president don't think that spending is...
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. >>> still ahead, president obama announced his pick to replace tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ and save hundreds with our best offer. get an adt security system starting at just $49 installed, but for a limited time only. that's an instant savings of $250. don't leave your family's safety to chance when you can take advantage of these savings now. call or visit adt.com/tv. both: i had a break-in. man: by the time we called the police, there wasn't much they could do. i felt so helpless. adt quickly called the police. i felt like it was over right away. feels like it's still not over. we lost our digital photos, financial records, things that insurance simply can'
. >>> still ahead, president obama announced his pick to replace tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any...
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there are other people in high stress jobs, tim geithner at treasury, hillary clinton at state who stayed on the whole time. is this a reflection on this president or just how grueling and critical this job has become? >> i think it's a reflection of how grueling and critical the job has become and how tough it is on people. i talked to someone leaving the white house yesterday. i said what are you going to do? i'm going to get a job where i don't have to get up at 5:00 a.m. every day. it never stops, 24/7 and not surprising that people after two years or a year decide they want to do something else. it's very hard on people, particularly people with young kids and families. >> the top contenders for chief of staff are two more white men, den is mcdonough and ronald klain. let me get your reaction to this. >> barack obama is black. >> some of the president's top advisers are women, valerie jarrett, half of the white house staff is women. that's been a diverse cabinet and white house staff. what we're experiencing now is a communications problem more than an actual diversity problem. >> ri
there are other people in high stress jobs, tim geithner at treasury, hillary clinton at state who stayed on the whole time. is this a reflection on this president or just how grueling and critical this job has become? >> i think it's a reflection of how grueling and critical the job has become and how tough it is on people. i talked to someone leaving the white house yesterday. i said what are you going to do? i'm going to get a job where i don't have to get up at 5:00 a.m. every day. it...
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treasury secretary boss tim geithner had to improve what his signature looked like. it was kind of scrawling too. in order to fit on the money he improved it. white house press secretary jay carney was asked about lew's hand writings and whether he is practicing his signature. koorney said, not that i'm aware of. jenna: you remember grade school where they give you lines to follow to practice your penmanship? jon: one would think. jenna: how is your penmanship? jon: i think it is readable, shows my name but my penmanship is pretty awful. jenna: we may need to do a close-up shot. jon: i don't like to bright. the brain works faster than the hand. >> we'll see, show you the improvement if there is one to jack lew's signature when we get it. meantime we'll move onto this other story. right now to the dangerous flu outbreak really spreading throughout this country. 44 states are now reporting widespread illness. take a look at that map! almost all red. hospitals are reporting severe overcrowding. some forcing ambulances to go, to different hospital because there is simply
treasury secretary boss tim geithner had to improve what his signature looked like. it was kind of scrawling too. in order to fit on the money he improved it. white house press secretary jay carney was asked about lew's hand writings and whether he is practicing his signature. koorney said, not that i'm aware of. jenna: you remember grade school where they give you lines to follow to practice your penmanship? jon: one would think. jenna: how is your penmanship? jon: i think it is readable,...
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he's to replace tim geithner. seems that we're on the verge of a different kind of philosophy now. >> yeah. i think what's interesting is barack obama is getting to people who are closer to him. jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said he's too much like the president or backing his policies. i thought isn't that why you pick people for your cabinet? >> exactly. that's what barack obama wants to do. he is now safe. he doesn't have to worry about running ever again. so he's like, look, i'm going to put my stamp on america whether you like it or not. >> a lot has been said about this, that in many ways the new cabinet, the high posts are older white men, not reflective of american society. there have been a number of women that have clearly -- >> yeah. >> secretary of sta
he's to replace tim geithner. seems that we're on the verge of a different kind of philosophy now. >> yeah. i think what's interesting is barack obama is getting to people who are closer to him. jack lew used to be chief of staff. obama's like, look, my first term i was getting all the people to make america happy. now i'm getting people to do what i want them to do. a lot of people didn't like how fiter in did the job so obama is putting his own thumb on this one. >> people said...
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tim geithner's tenure has been controversial but i think broadly speaking what he did to write the financial system will be considered a tremendous achievement in the annals of economic policy-making. but again, they are in something of a rut, i think, in their economic policy-making at this point, and particularly in their approach to dealing with republicans. a lot of that, i'd say frankly the bulk of that blame falls on the house republicans and john boehner. but it's nevertheless a case that they just put somebody into the treasury department who they intend to have lead a lot of their budget battles who john boehner at this point essentially refuses to work with. during the 2011 negotiations, they said boehner and the republicans said we just don't want to deal with lew anymore. we don't feel we can get him to say yes to us. now, to some degree that might be because lew is reflecting the will of the president, but i just think there's a kind of a siege mentality a little bit at the white house that's showing up in their appointments, which is understandable, but i'm not sure in the long
tim geithner's tenure has been controversial but i think broadly speaking what he did to write the financial system will be considered a tremendous achievement in the annals of economic policy-making. but again, they are in something of a rut, i think, in their economic policy-making at this point, and particularly in their approach to dealing with republicans. a lot of that, i'd say frankly the bulk of that blame falls on the house republicans and john boehner. but it's nevertheless a case...
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. >> tim geithner who apparently jeff sessions thinks is a great guy, he was at the fed while this stuff was going down. he was part of the clinton administration that deregulated wall street that allowed the whole thing to go down. and yet now he's got gravitas. all of them are tainted, whether it's by bonuses or policy setting. you know, jack lew is one of the less offensive, maybe totally inoffensive thing -- the only thing people are objecting to is the signature. that tells you something. >> what do you make of, say, jeffrey sachs arguing a couple days ago that there's a problem having wall street people going to the treasury because, you know, you've got foxes guarding the henhouse? >> there are two pieces -- actually now like three or four pieces of financial regulation. treasury deals with part of it, but they also have to deal with all sorts of economic policy including maintaining confidence in the financial markets. that used to be one of the big roles that people like bob ruben were to be able to do. there are multiple roles treasury secretary has too do. it isn't just the re
. >> tim geithner who apparently jeff sessions thinks is a great guy, he was at the fed while this stuff was going down. he was part of the clinton administration that deregulated wall street that allowed the whole thing to go down. and yet now he's got gravitas. all of them are tainted, whether it's by bonuses or policy setting. you know, jack lew is one of the less offensive, maybe totally inoffensive thing -- the only thing people are objecting to is the signature. that tells you...
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. >> tim geithner says one of the first things he had to do when he became treasury secretary, was make it a little more legible. >> it suddenly matters. >>> other stories making news this morning. john has that for us. >>> the 16-year-old who opened fire and critically wounded a high school classmate claims he was bullied. he was tar getting two boys at taft high school in balkersfield, california. the suspect may have had a hit list. teacher ryan heber and kim lee fields, counselor, getting high praise for convincing the shooter to put the shotgun down. >> this teacher and counselor stood face to face not knowi ii whether he would turn the gun on them. they have seen the news meadow, probably expected the worst and hoped for the best, gave students a chance to escape and conversed and it worked. >> for now, the suspect will be charged as a juvenile with attempted murder it will be up to prosecutors to decide if he will be eventually charged as an adult. >>> some americans are believed to be among the dead in a hotel fire in the northern philippines. it happened at the dryden hotel in
. >> tim geithner says one of the first things he had to do when he became treasury secretary, was make it a little more legible. >> it suddenly matters. >>> other stories making news this morning. john has that for us. >>> the 16-year-old who opened fire and critically wounded a high school classmate claims he was bullied. he was tar getting two boys at taft high school in balkersfield, california. the suspect may have had a hit list. teacher ryan heber and kim...
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tim geithner is out. he'll be replaced by a guy, jack lew, the guy who, if you've been watching the tv over the last day or so, jack lew is the guy who signs his name with what surely looks like a slinky. >>brian: front page "where are the women?" they take a picture and talk about the cabinet of the administration. all the women are being replaced by men. white men too on top of that. let me show you a picture in "the new york times." all we see is valerie jar rhett's leg -- valerie jarrett's leg. >>steve: on december 29 that is the pr-z meeting with ten guys and they're talking about the fiscal cliff. >>brian: could they back up a little. >>gretchen: this is a picture they released the day after, i believe. and you can see valerie jarrett front and center facing the president. then there are two other women who are in the photos. was it a reaction to that original picture? brian, you bring up a good point that there are no minorities -- there's one, i think, in that original picture. it is an interestin
tim geithner is out. he'll be replaced by a guy, jack lew, the guy who, if you've been watching the tv over the last day or so, jack lew is the guy who signs his name with what surely looks like a slinky. >>brian: front page "where are the women?" they take a picture and talk about the cabinet of the administration. all the women are being replaced by men. white men too on top of that. let me show you a picture in "the new york times." all we see is valerie jar rhett's...
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that much on tim git neareithne departure. the rich are getting richer. the richest added $241 billion to their value. where are they finding their fortunes? >> great question. three main places where we're seeing the rich getting richer. first in emerging markets. a lot of very rapid wealth creation happening. i think that's adding a lot more billionaires to these lists. the second is the fact that real estate values, especially state side, are starting toic tick up. a lot of billionaires have a lot of real estate. and all of the major stock market indexes have been up in the past year. a trend we've been seeing and hearing about. forbes has been tracking this closely for the past year. we'll see it continue next year. we're actually getting ready to release our billionaires list in march. we'll see some newcomers this is a story that continues. >> for sure. how about the arab based al jazeera buying al gore's channel current tv. time warner dropped the channel. is it all about money? >> it is a business. al jazeera is looking to get into cable news. doi
that much on tim git neareithne departure. the rich are getting richer. the richest added $241 billion to their value. where are they finding their fortunes? >> great question. three main places where we're seeing the rich getting richer. first in emerging markets. a lot of very rapid wealth creation happening. i think that's adding a lot more billionaires to these lists. the second is the fact that real estate values, especially state side, are starting toic tick up. a lot of...